v3.26.3
Disclosure about Fair Value of Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Summary of Carrying Amounts and Estimated Fair Values of Financial Instruments
The carrying amounts and estimated fair values of our financial instruments are as follows (in thousands):
September 30, 2026December 31, 2025
Carrying AmountFair ValueCarrying AmountFair Value
Financial assets:
Investments in sales-type leases, net$— $— $497,963 $497,963 
Mortgage loans receivable2,041,759 2,025,792 998,699 1,008,879 
Other real estate loans receivable1,005,510 982,865 832,511 803,247 
Cash and cash equivalents2,274,910 2,274,910 5,033,678 5,033,678 
Restricted cash141,097 141,097 175,861 175,861 
Non-real estate loans receivable281,365 273,478 251,055 245,415 
Foreign currency forward contracts, interest rate swaps and cross currency swaps42,548 42,548 43,223 43,223 
Financial liabilities:
Borrowings under unsecured credit facility and commercial paper programs$1,041,054 $1,041,054 $— $— 
Senior unsecured notes14,686,972 15,591,239 16,383,522 17,872,001 
Secured debt3,467,126 3,309,542 2,813,780 2,768,807 
Foreign currency forward contracts, interest rate swaps and cross currency swaps296,135 296,135 416,210 416,210 
Redeemable DownREIT Unitholder interests$— $— $72,497 $72,497 
Summary of Items Measured at Fair Value on Recurring Basis, Assets The following summarizes items measured at fair value on a recurring basis (in thousands):
Fair Value Measurements as of September 30, 2026
TotalLevel 1Level 2Level 3
Foreign currency forward contracts, interest rate swaps and cross currency swaps, net asset (liability)(1)
$(253,587)$— $(253,587)$— 
(1) Please see Note 12 for additional information.
Summary of Items Measured at Fair Value on Recurring Basis, Liabilities The following summarizes items measured at fair value on a recurring basis (in thousands):
Fair Value Measurements as of September 30, 2026
TotalLevel 1Level 2Level 3
Foreign currency forward contracts, interest rate swaps and cross currency swaps, net asset (liability)(1)
$(253,587)$— $(253,587)$— 
(1) Please see Note 12 for additional information.